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Breakouts

Backtest of the backtestOn the weekly chart shows the trend is down and the horizontal support zone is backtested. In the daily chart shows that this backtest was in corrective style with choppy waves in a flat rising channel. On the 4H chart there is an impulse decline and break out of the channel not to mentioned that there was a breakout back also. So backtest of the backtest is good-looking. These signs empower my bearish view. On the 1H chart shows the last rising has a five wave structure! That's why I expect to see one more, the last backtest before going down. We can take the chance at the moment or wait for another breakout sign as my trading strategy on the chart. This decision is about RR and the aggressive or conservative style of trading. It depends on you. Important Always use stop order, cutting losses, this is one of the essential elements of your risk management and if you would like to be an independent investor then you must be the master of risk management. Disclaimer Reserved the right to make changes the content on this analysis at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions.
Short
by MoodandMarkets
GBPUSD SELL UPDATE Comment down below to share your opinion that may be useful to the community. Like and follow to know more how I see the market. Priority: 1. Stop loss must smaller than your take profit. 2. Must at least 2 reasons why you enter the trade. 3. Trade and Forget. Psychology: 1. Not all setup is valid, its fact. 2. Trading is predicting the market. 3. The only way to win in Forex is by controlling your lot size and your risk to reward ratio. 4. Sometimes when the price hit your stop loss but you still follow your SYSTEM, its still a good trade. READ IT AGAIN! Money Management: 1. Lot size: Acc 100 USD : 0.01 lot Acc 1000 USD : 0.1 lot Acc 10,000 USD : 1.0 lot Acc 100,000 USD : 10.0 lot Acc 1,000,000 USD : 100.0 lot 2. Risk of an account max is 1%-3% from the capital in your current running trades.
Short
by UnknownUnicorn4036496
1
Alright lets check itOk, after reaching 9600 for several times(double top) we need to reach 9350 again(double bottom). As you can see rsi is trying to form a divergence, volume goes down again, and macd is waiting for a big bomb here. Cup and handle almost confirmed. Ma's are supporting doing the dynamic support ! and they are doing that well. I have some ideas for this situation, lets check it out together: 1: rsi divergence will push us down to 9k area again(if btc cant break the last HL) 2: if cup and handle can confirm their job ! we will see 10500 ! the high of cup is about 1k ! 3: As you can see we are in a ascending channel and we are at the edge of it, it has two options here, break the top(Which means we break the resistance and we will touch 10k), break the bottom(Which means we failed and rejected by the head pressure and it will push us to 9k area. Alright guys im telling you this again, Please follow your thoughts and your strategy. If you liked it, please hit the like button, share and write your comments, thanks for reading. Take care, trade safe
BITMEX:BTCUSD.P
by AminHa4
6
A-pivot breakouts in EURUSDA-pivots (called A-UP and A-DOWN) are calculated using the opening range (OR - that is where price "belongs") often referred as Initial Balance ( IB ), in our case - monthly opening range. You can find the formula in Fisher´s book. Red lines are opening range (the range of first 2 or 3 trading days in the beginning of month). Then one multiplies a specified distance (certain number of ticks above below OR) from opening range to get A-pivot level. I am not sure about the exact formula but ACD indicators do it automatically. Opening range ACD strategy is usually applied to day trading but it is interesting to see how EURUSD reacts when those A-pivots are broken on monthly. In relatively smooth downtrends price nearly always forms this peculiar bow-loop pattern, returning back to where it broke. Sometimes such bows or loops are formed twice a month. This is not observed in strong trending market (you can flip back) but still even then price uses those levels as support - resistance. The fact that price keeps returning back to monthly A-pivot means there is no strong trend yet. GOOD LUCK!
Education
by ICFX
4
$MFA: $3 to $4 Swing Potential (78%+ Correction Growth)First off, please don't take anything I say seriously or as financial advice. As always, this is on opinion basis. That being said, let me get into a few of my key opinions. Right now, MFA financial has been a stable growing stock overall in terms of its history. However, it had one of the biggest bearish runs any stocks have ever seen. The housing market also took a huge hit recently, and for a stock to have a performance of between $0.32 and $8.09 within 52 weeks is crazy. I think this is more and more likely a short call then a long one, but I am very bullish on an upcoming upswing trendline for MFA given past correlations and what investors have been saying .
NYSE:MFA
by gamer456148
1